Data-driven through-life costing to support product lifecycle management solutions in innovative product development

Data-driven through-life costing to support product lifecycle management solutions in innovative product development

Innovative product usually refers to product that comprises of creativity and new ideas. In the development of such a new product, there is often a lack of historical knowledge and data available to be used to perform cost estimation accurately. This is due to the fact that traditional cost estimation methods are used to predict costs only after a product model has been built, and not at an ear...

Product Lifecycle Management Through Patents

Big pharma recognizes that new drug development is a high risk venture which takes a great deal of time, has an exceptionally low success rate, and in the case of a successful new drug development, ultimately has a price tag which is typically in excess $100 million dollars. In the face of stiff, aggressive generic competition, many brand name companies now have lifecycle management teams in pl...

P2P Data synchronization for product lifecycle management

Intelligent products are the key driver for the so-called Internet of Things (IoT). To facilitate the IoT, Product Lifecycle Management (PLM) requires the automatic capture of events related to physical objects at various locations and times. Nonetheless, more advanced and standardized communication interfaces must be designed to facilitate interactions between various types of “things” through...

Enhancing Product Development Through Parametric and Product Data Management Tools

Expanding on work previously conducted with the Furniture Manufacturing and Management Center, the current project continues the evaluation of how parametric-based 3-D CAD and product data management (PDM) software tools can be utilized better in the furniture industry. The central focus of this work is the development of a demonstration system which uses a parametrically driven 3-D CAD/PDM sys...

Axiomatic Product Development Lifecycle